Which of the Following Items Is Counted in U

question 166

Multiple Choice

Which of the following items is counted in U.S.GDP?

• A)final goods and services that are purchased by the U.S.federal government
• B)intermediate goods that are produced in the U.S.but which are unsold at the end of the GDP accounting period
• C)goods and services produced by foreign citizens working in the U.S.
• D)All of the above are included in U.S.GDP.

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Definitions:

Revenue Journal

The journal in which all sales and services on account are recorded.

Processing Methods

Various techniques or strategies used in the handling, preparation, and conversion of raw materials into finished goods or services.

Accounting Information

Data related to the financial transactions and status of an individual, business, or other entity, crucial for making economic decisions.

Subsidiary Ledger

A ledger containing individual accounts with a common characteristic.